Social Promise Inc
- Assets
- $852.6k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Greencastle, IN
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 45-2819526
Organization Overview
Social Promise Inc is located in Greencastle, IN. The organization was established in 2012. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Promise Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Social Promise Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 52.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING CRITICAL HEALTH AND EDUCATION RESOURCES FOR UGANDAN CIVILIANS LIVING IN EXTREME POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT CRITICAL HEALTH AND EDUCATION RESOURCES FOR UGANDANS LIVING IN EXTREME POVERTY - PARTNER WITH LACOR HOSPITAL IN UGANDA
TO PROVIDE EDUCATIONAL INFORMATION AND PROJECTS FOR CHILDREN THROUGH A NEWSLETTER WITH ACTIVITIES
TO SUPPORT CRITICAL HEALTH AND EDUCATION RESOURCES FOR UGANDAN CHILDREN LIVING IN EXTREME POVERTY - PARTNER WITH ST JUDE CHILDREN'S HOME IN UGANDA
AFRICAN ADVENTURE - TEACH YOUNG CHILDREN ABOUT THE LIVES OF FAMILIES LIVING IN GULU, UGANDA. THROUGH THIS EVENT, THE CHILDREN HAVE THE OPPORTUNITY TO EXPERIENCE PARTS OF EVERYDAY LIFE IN GULU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Dunnett Director | Trustee | 2 | $0 |
Mary Ann Etling Vice Chair | OfficerTrustee | 3 | $0 |
Monica Fennell Director | Trustee | 2 | $0 |
Francis Fordjour Chair | OfficerTrustee | 3 | $0 |
Nancy Dennery Goslee Secretary | OfficerTrustee | 2 | $0 |
Sarah Mcgee Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,350 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,666,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,719,346 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,775 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,702,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,607,425 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $983 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,667 |
| Advertising and promotion | $11,684 |
| Office expenses | $7,911 |
| Information technology | $249 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,559 |
| All other expenses | $0 |
| Total functional expenses | $2,639,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $849,903 |
| Savings and temporary cash investments | $2,656 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $852,559 |
| Accounts payable and accrued expenses | $5,140 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,140 |
| Net assets without donor restrictions | $96,174 |
| Net assets with donor restrictions | $751,245 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $852,559 |